m The Guardian. Charlottetown. Thurs. Star. 19. 1.964. Awkward Spots, Loopholes Seen Tied Up In Budget OTTAWA '(‘AP‘VA handful of loopholes and awkward spntt tn lederal tax law; were tidied up in Mondav nizht's h‘lf'l’lt’l‘ tn. chide one which allour‘d older people to create a stzcable es~ tale free of death ta\ Thnv wrrp anion: a variety fll rhAHZFF rm? sncrttu ‘lllV man- tinned in l‘inanrp \llni’Jt‘r Gnr~ don's budget men-ii hut con- tained 'tl tax-chany‘ resolutions that will rnmn up for ipgizlatirp al'llnn m the Flimmons later in the neuron fine change in the l‘ualp Tax Art n desi:ned to rule out a «’nmpltl'Ale dorms twin: used lw ".nmp people to reduce their eglatp tow Off'rlals desrrihed the problem llll': war ‘5 N‘Ffintl Who normallv rnu'rl uni 3“! a hip insurance nnlvcv hprauzp of 3:0 or sii'kM‘S! .. deal wuh a life in- eurance contnanv l0 l"ll\' an Ell- mutv on condition hr =; given an insuranr-A pn‘u‘t The com. nam' :4:er erorrtm: lic‘il not iwr ‘nn: and won't roller? mum of 'he wer \thn the man dies, his life inturance Brett Contracts mowed: are not part of his e: nms otfu-Iai savrt substantial amounts of money have escaped lav hr Ihl; dm'n't‘ l'nrlcr 1hr tax- rhaiigr otter- tirr lt'nm Tuc'ng on insurance mime: Inlrl :mrl‘iiunal on an: man purrhaze: the tasahle c—s tote after death will include (‘Illlf‘l' the amount paid for the annuttv ins: annuitv receipt! be- fore deatl1_ or the amount fit llf“ tnsnmnr‘e pas-able, which- ever amount I! the lesser Annther estate tail than» will pf‘l‘mil 9300 instrad of the pre» sent limit of $500, to he paid from the joint bank account of need for a clearanre from the revenue department, This i! an nasm: of the rules whereby the, department controls the dispo- sal of an estate until the death tax- is worlde or. \n 'nrome tax clianze would levy taut. startin: this year. on any amounts rpreirpd lw an emulnrer From the windan up or reorganization of a pension lunrl, Covering Centennial Projects DTT\\\ \ ("l‘ pt‘n\'tttt":2l tl‘tN‘Ti'l: of Win ~~‘c='S plannin: the f‘l‘o'.‘ crnmnnnt'y has ntt‘cnd on a rirnt‘t t'u tt'ac' ("Wt‘t‘uu centennial llt'tti- em; in right prm‘vtu- all raptmi: The forlrr’il :m'crnmr‘n' ui‘l (amt-thou" Zf’y'll’l (in!) in much I)! the Flutrt‘iS Stun'ar amounts utl‘ he mlde by the prnr‘nmal treasurins ‘_l::ti' ‘t'>" ignitritt‘agltr '.I‘:_ "P- lnrv of state and the minister in Hinze oi centennial planning at the erleral level. warts toe azror‘mcni: will he 'r‘riw- ql. Veterans Oppose Hospital Turnover Trifil‘i‘i r'n 1‘1" \r'I-vqnz' martyr-onion : a i H horn thm' q' tron-N; app/1.x: ,tt‘“ a“ temp‘ tn turn finari‘fin \i'lrt'- anz‘ Mozpnz': n‘ a" to t‘i\‘it;tn \Ha i r . \llll' to" I stinntgm'm‘l ii‘t \fnnrln_\ that tile :mcrnmt‘nt \rmt; to turn its ll vntcrans' },n,ntt3l\ mr" in i"\ "'lll minlslt‘nlliitt, a'tiimIZli tnffiitta‘ m: rim-min :uarnrtr‘ci for “‘0 \.‘..rv.j.1. ;, -. \l 31m l‘.;" H; Rd: Trip. l.‘t|'\: of the ("unwrivun lnzinn. ‘7, fl ".1‘ upsutpw 1.}."3 ,, Cup titrm an :HFl‘. and tin-vii um" ' .tl' " l,t‘mlu"’l in" :Mc‘fll scri'r ; tt’ ‘nr‘ l":t Hunk 3‘1" \f the \t’my \:"l“" and \"' lfl’tt't‘r’ \‘rw‘c’h‘tti: ‘\ .vir 'ittmi iwrr. tum inru‘trri "Xe «in not ohu‘r‘ to ri\i"';t". '11 t"; " " \ftr‘nt‘ti " itir‘: 'n hasnm" it'll \'I‘ ll'i'tlk tiim- 1mu'ri "l‘tllv‘i‘i‘. twirl“ it“ [shut-Q art-v --. J 3-_mt $54,349 wm NOT CLAIMED \\'l .li’ll'lTY‘ ‘J V ‘tF’ . 1.11.21” h:- io'iuri'r‘lt lit .‘\.|'.' p R -, t tt : :il. row oi Fio'co‘ m: ‘r“,' '\"t1« r‘rt'i nt lilP narin "élf‘flfl : '1.‘r5ttv‘ 4“ 'l'wr- itirriult‘ u. \ titm'rrl ‘A an tl‘l Fll‘tl"r.I'ti :v,:'rl: :t‘ rx.’ ' ‘ ' \Vltl‘. it: fr- l‘t La' Two “me it“ to ‘I‘i \'."ti[l,l, l r'ri'n: thc "(‘t‘t2.l'l"ll‘i‘ oi the mom" titn‘flvtj iItIRJKt't ']'.~.p it u ' lit " 2' Tune unfll \l:t It: 2‘ n" ymr ‘o 7'prlr‘"ltl or “45kt”: ~ lllt‘ pro—Confederation s'itii‘t‘l in ~lw nml two weeks The nmi mcctin: of the min‘ istt‘rs \ri‘! he held in conjunc- linn u-ili ttw tll'l‘l'l semi-annual national l‘mtl'nrt‘nrp on t P van- tenninl in t‘ha:‘lnttr‘tr‘m'n in late _\]’1l‘il or 0.’lt‘l\' Way The T43lltl1hlfl :rant: for Hip right provinri‘s match the fed- eral mnti"hnimns earmarked mr'mr tnr poi-forman arts cen- ‘li‘t‘s in Charlottetown and Que- hcr t"tt.\. \\'i1it'll are markin: the tooth annirrrsm'v this year of Confer- cnri‘r- in those provincial capi- ’l'tir‘ tuiit‘“ [ll-\[r‘t'l'l nmt hc‘u: piannrrl we on art: centre in 3 .4 fl 2 .7 1: llilllfllll': 'tt Hal-fat. n :m-r‘rn- mont nftn‘c hn'lrlin: In Frcrlrr» u-mn whirh o'il permit use of tilt“ old lrzltvlalure as an ar (‘ll'\l"‘. hutlrl'tij. an art- it‘nlre in Winnipeg. 1hr: 2,)t11p ‘n R9. Stun and S11 .katnun, and ar. rirtm lmiid=it:: in Edmonton and \irtoria Ontario's, ire of HS ?2_5ttn.00n grant has not been domdod, Algoma Steel Operates At Near Capacity §\l'l,T RTF, ‘\l\RlF‘,, Ont tf‘l‘i ~\l:oma Siccl t'orp Lid operated at near cannrhy in 1%?- lm‘ the first time :incp its expansion nv'ozram \\'n: started if? mar: :tzo. the annual report any: \ Mimi: and well halam'rd ricm'iltd for Canadian s‘col :avr the corporation 't; lllii‘rl consec- u‘iw roar ot record production and clttpmt‘lll: :n_\':. this "Fitnrf, fliznrd by President D S limb brook "l'nloz‘ th‘l'f‘ should he an Uttf‘\Pt‘t'iN'l (iron in the :cnrrnl im‘e‘. of husinrs. in Canada In thr ncar future. ll seems likolv thr inward trcnrl in per mow; sim‘i (‘f‘lllSlllllDllnt‘l and dcmand for strol products will remain l'l'Ei‘t throuL‘h llllfl mm " 'l'lw rcoort smrl the rm'rtfl'] lmit Hill :ponrl :ltlJtl‘ltlntltt on further rynnnztnn and ininimr man this \‘car. t'.'ll'\itt'1 A‘, cnmn's invrstmcn' in morlcrni. Iatmn sillf'f‘ Hill to Silllfltltlfitlll Slizhtir more than half the 31‘.“(‘t]1.“ll(‘!l \prnrlvn". I‘m: rch “Ni? :0 into rnrnplctinn of a how wide I'nlrl-sll‘ip mill now under t‘OnFll'llf‘llOn_ For Business Stilts 652. St 3'33? w 39c, Llhhy 's CORN 58%. $1 3 Hnnpv \‘ale PEAS 7 0": SI Graves A pplrs Flavor Pm- REG SIZE TIDE 39c LEARN TO FLY Now You Can Learn To Fly Modern Aircraft, Charterwork Phone Charlottetown 892~2 711 Mt. Pleasant 436-5648 Summerside FRESH GROI‘VD HAMBURG 2L8589c y Pic-cc lh. Pork lh. OLOGNA 296l LIVER 29c , , kAM MAPLE LEA! lUIgE Mist L Spaghetti SAVE 20(- BEANs 533,51 3:12;" Or Pleasure Aircraft Rentals. a dormant person without the‘ 2 89¢: 5 $1 REF. (H R l.l'(‘l(l' DOLLA \R SPECIALS Here is a suit you can select with confidence. wear with pride. The Glen» test label is your guide to proven quality exclusive with Holman's of PHI. British international and Continental featuring '2 or 3 button single breast- ed styles with centre twin vents. 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